期刊名称:CORE Discussion Papers / Center for Operations Research and Econometrics (UCL), Louvain
出版年度:2009
卷号:1
出版社:Center for Operations Research and Econometrics (UCL), Louvain
摘要:The usually assumed two categories of costs involved in climate change policy analysis, namely
abatement and damage costs, hide the presence of a third category, namely adaptation costs. This
dodges the determination of an appropriate level for them. Including adaptation costs explicitly in
the total environmental cost function allows one to characterize the optimal (cost minimizing)
balance between the three categories, in statics as well adynamics. Implications are derived for
cost benefit analysis of adaptation expenditures.